Sipay has 6.3 million wallet users and 25,000 registered merchants, and claims to have been profitable since 2023 with a revenue increase of 5x year-on-year, ending last year with run-rate revenue of $600 million.
Revenue Amount
$600,000,000
Organizations Involved
Visa, Mastercard, Trendyol
Founders
Nezih Sipahioğlu
Company Description
Sipay operates an all-in-one app for managing digital wallets, investments, and loyalty schemes, offering embedded finance, FX transactions, and other products.